Celtics Sign Josh Richardson To One-Year Extension

AUGUST 24: Richardson has officially signed his extension, according to RealGM’s transactions log.

AUGUST 23: The Celtics have agreed to tack on a one-year extension to the current contract of newly-acquired swingman Josh Richardson, tweets Shams Charania of The Athletic.

The former Mavericks wing’s contract was initially set to expire in 2022 after paying him $11.6MM this season. Charania notes that Richardson is now set to earn $24MM over the next two years, indicating that Richardson’s one-year extension will likely be worth about $12-13MM in 2022/23.

Earlier this summer, Richardson was sent to Boston in exchange for 7’2″ center Moses Brown in a one-for-one exchange. The Celtics used the remaining portion of their Gordon Hayward trade exception to accommodate the acquisition.

The 6’5″ Richardson, 27, will suit up for his fourth team in four seasons this fall. Initially drafted by the Heat with No. 40 pick out of Tennessee in 2015, he spent his first four seasons in Miami, flashing the potential to become a reliable 3-and-D wing, one of the hottest commodities in the NBA. He was sent to the Sixers as part of the Jimmy Butler sign-and-trade in the summer of 2019, and then was moved again, this time to the Mavericks, during the 2020 offseason.

During the 2020/21 season, Richardson averaged 12.1 PPG, 3.3 RPG and 2.5 APG, his worst output in those categories since becoming a full-time starter with the Heat in 2017/18. A career 35.8% shooter from long range (on 4.5 attempts a night), Richardson could help Boston in a more limited role as a floor spacer, supporting All-Stars Jaylen Brown and Jayson Tatum.

Richardson’s extension is the third one the Celtics have agreed to this month. The team also recently announced a new contract for Marcus Smart and also has a deal in place with Robert Williams.

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